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Oct 10, 2012
10/12
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he's welcomes efforts by indian leaders to reform their economy. geithner met with indian finance minister in new delhi. >> i think the reforms outlined by the government of india are -- offer a very promising path to improving growth outcomes for the indian economy. >> observers say geithner is urging the indian government to proceed with economic reform policies. the prime minister has been trying to implement changes. one example is his push to open the retail sector to foreign supermarkets. but plans to ease restrictions have parked an angry reaction. one political party has left the ruling coalition in protest. >>> german chancellor angela merkel is urging to push forward. implement deep spending cuts in return for financial aid. merkel went to athens were talking. this is her first visit there since greece's fiscal crisis sank in. she says she hopes the country will stay in the eurozone. she says greek leaders have made great strides. she's been demanding they introduce tough deficit cutting measures. greece's politicians hope they'll receive
he's welcomes efforts by indian leaders to reform their economy. geithner met with indian finance minister in new delhi. >> i think the reforms outlined by the government of india are -- offer a very promising path to improving growth outcomes for the indian economy. >> observers say geithner is urging the indian government to proceed with economic reform policies. the prime minister has been trying to implement changes. one example is his push to open the retail sector to foreign...
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Dec 20, 2012
12/12
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also, avoiding the weak economy. so you have to have the right policy mix to gradually increase taxes and at the same time, use part of the revenue to stimulate the economy. but the net effect has to be declining budget deficit. so you need this policy mix, increasing taxes and then use part of tax to stimulate the economy, but cut the budget deficit. that is a very delicate balance. >> reporter: are there other growth strategies that the administration can do? >> they can increase the growth of the japanese economy, the growth rate of the japanese economy, we have to increase the population, working age population. now working age population is declining by about 1% per year. so even if we can achieve more productivity growth higher than the united states. achievable trend growth rate is only 0.5%. you have to increase the growth rate to stimulate the economy, we have to get more migration. >>> thousands of people waiting to go home. tons of debris, waiting for disposal. vast tracks of land waiting to be restored. o
also, avoiding the weak economy. so you have to have the right policy mix to gradually increase taxes and at the same time, use part of the revenue to stimulate the economy. but the net effect has to be declining budget deficit. so you need this policy mix, increasing taxes and then use part of tax to stimulate the economy, but cut the budget deficit. that is a very delicate balance. >> reporter: are there other growth strategies that the administration can do? >> they can increase...
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Jun 13, 2013
06/13
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we can see that the japanese economy -- the actual japanese economy is rather steadily growing by exports and also by private consumption and also by housing. so i think this is the time we see too much excitement of the sentiment is now adjusting towards the actual economy. the market may wait until the result of the upper house election will come out some time in july. i think mr. abe what he should do is that he should at least say what kind of importance he will take in his growth strategy. and he'll also have to show the time schedule of how he's going to realize his policy before the election. >> the japanese government has formlated its long-term economic and fiscal policies. the document states it should balance its budget by fiscal 2020 and even consider cutting social security costs to reduce the nation's snowballing debt. a government panel finalized this on thursday. the plan calls for achieving an average gross domestic product growth of about 3% in nominal terms and around 2% in real terms over the next decade. the plan expects the nation's per capita gross national income t
we can see that the japanese economy -- the actual japanese economy is rather steadily growing by exports and also by private consumption and also by housing. so i think this is the time we see too much excitement of the sentiment is now adjusting towards the actual economy. the market may wait until the result of the upper house election will come out some time in july. i think mr. abe what he should do is that he should at least say what kind of importance he will take in his growth strategy....
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Jan 25, 2012
01/12
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emerging and developing economies. they kept the outlook for the u.s. economic growth unchanged at 1.8%. downgraded the forecast for eurozone by minus 0.5%. the outlook for the japanese was downgraded to 1.7%, a drop of 0.6 percentage points. monkey merging economies, the growth outlook for china was revised down by 0.8 percentage points to 8.2%. imf downgraded the outlook for the global company to 3.9%. this is also a downgrade of 0.6 percentage points from the previous forecast. >>> the european union is considering imposing sanctions on hung ar ee for failing to take measures to cut the budget. they failed to come up with raemgs to bring the trade deficit below 3% of gdp. regulations introduced last month allow the eu to punish member nations for violations of fiscal discipline. eu is likely to suspend grants and impose other sanctions if hung ar ee zoercht change the policy. the finance minister expressed confidence the country will be able to avoid sanctions, although resolving the problems will take time. and tha
emerging and developing economies. they kept the outlook for the u.s. economic growth unchanged at 1.8%. downgraded the forecast for eurozone by minus 0.5%. the outlook for the japanese was downgraded to 1.7%, a drop of 0.6 percentage points. monkey merging economies, the growth outlook for china was revised down by 0.8 percentage points to 8.2%. imf downgraded the outlook for the global company to 3.9%. this is also a downgrade of 0.6 percentage points from the previous forecast. >>>...
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May 20, 2013
05/13
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the economy is still in a state of deflation but things are changing. they're falling at a shower pace. one reason is a prices for goods are increasing while the yen weakens. >> shinzo abe is counting on reigniting economic growth. there is a system for regularly checking the progress of his growth strategied. the japan association of corporate executives announced their recommendations to the government. the group says the government should hold full fledged discussions on policy ie lems and mid to long term policies. it's increased competitiveness in agriculture, stale energy supplies and decentralization of government power. they need to stress the importance of policies. insters and officials correct instructions necessary for implementing the policies. >> they plan to put the car on the market in june. it was marked to begin to okinawa prefecture in japan. >> each of the two companies will sell the car under their own brand name. we just got to the start line. >> this is the first time for nissan to get involved in the development of a mini vehicle
the economy is still in a state of deflation but things are changing. they're falling at a shower pace. one reason is a prices for goods are increasing while the yen weakens. >> shinzo abe is counting on reigniting economic growth. there is a system for regularly checking the progress of his growth strategied. the japan association of corporate executives announced their recommendations to the government. the group says the government should hold full fledged discussions on policy ie lems...
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Sep 6, 2011
09/11
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has helped the economy grow by keeping the currency weak to boost exports. at the same time, china has increased the strength of its economic growth. by china's exports to europe and the united states are starting to slow down. so its imports of raw materials will probably also decrease. >> china overcame the global financial crisis three years ago more quickly than other countries and became a driving force behind the global economy. can we expect china to do the same again? >> and that will be very difficult for china. the depreciation of the u.s. dollar means china's foreign exchange reserves have lost some of their value. and on top of that, china has serious economic problems at home. realistic prices in the cost of living are soaring because of stimulus measures taken by the government. the cost of living is a particularly big problem. the government is worried it might lead to social instability. >> so how's the chinese government responding? >> china has raised its key interest rate five times since last autumn to try to control inflation. but if it
has helped the economy grow by keeping the currency weak to boost exports. at the same time, china has increased the strength of its economic growth. by china's exports to europe and the united states are starting to slow down. so its imports of raw materials will probably also decrease. >> china overcame the global financial crisis three years ago more quickly than other countries and became a driving force behind the global economy. can we expect china to do the same again? >> and...
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Jan 16, 2013
01/13
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will the german economy continued to slow? more on that later in this program. >> first, here's a look at some other stories making news. >> russian court has denied a request for leniency from a member of the punk band pussy riot. one member has sought a deferral of her presence sentence until her 5-year-old son turns 14. she was convicted of hooliganism after a protest during services in moscow church. >> the taliban have claimed responsibility for a suicide attack targeting the afghan intelligence agency. officials said two guards were killed when the bomber who blew up his car in front of the country's headquarters -- the interior ministry says security forces shot dead four other attackers. >> in iraq, more than 30 people have been killed in a series of attacks that appear to have targeted kurds. two car bombs exploded. one of them blew up outside a kurdish political party office. a third in a nearby town. >> the two biggest airlines have found their entire fleets of boeing 7873liner -- 787 dreamliners. >> it has been hav
will the german economy continued to slow? more on that later in this program. >> first, here's a look at some other stories making news. >> russian court has denied a request for leniency from a member of the punk band pussy riot. one member has sought a deferral of her presence sentence until her 5-year-old son turns 14. she was convicted of hooliganism after a protest during services in moscow church. >> the taliban have claimed responsibility for a suicide attack targeting...
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Mar 26, 2013
03/13
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. >>> chinese president is in south africa to attend the summit of the brics emerging economies. xi jinping wants the chinese government to enhance ties to compete with the u.s. and other industrialized countries. this will be the first time president xi will participate in an international meeting since he took office earlier this month. the two-day summit begins on tuesday in durbin. brics is made up of brazil, russia, india, china, and south africa. the leaders are expected to discuss how rising commodities and grain prices are affecting emerging countries. also on the agenda is an agreement among the brics members to provide each other with foreign currencies. they want to protect their economies from the impact of global financial turmoil. >>> china has been increasing its presence in africa. the country has come to rely on the continent for trade and for natural resources. nhk world has more. >> reporter: the chinese have historical ties with a number of african nations. after world war ii they supported countries that were fighting for independence. they gave a modest amou
. >>> chinese president is in south africa to attend the summit of the brics emerging economies. xi jinping wants the chinese government to enhance ties to compete with the u.s. and other industrialized countries. this will be the first time president xi will participate in an international meeting since he took office earlier this month. the two-day summit begins on tuesday in durbin. brics is made up of brazil, russia, india, china, and south africa. the leaders are expected to...
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Jan 4, 2012
01/12
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economy. >> this is a campaign night where america wins. we're going to change the white house and get america back on track. >> rick santorum was a senator from the state of pennsylvania from 1995 to 2007. he's a social conservative who stresses christian values and opposes abortion. texas congressman ron paul came to a close third, netting 26,219 votes, or about 21% support. former house of representatives speaker newt gingrich trailed behind with 16,251 votes or 13% of the total. the result gives romney and santorum a big boost as the republican leadership race rolls on. the new hampshire primary is scheduled for next tuesday. after the primaries and caucuses, the republican party will officially pick its new leader at a convention in august. the winner faces barack obama in november's u.s. presidential election. >>> in the same state of iowa, u.s. president barack obama expressed confidence in his chances for re-election later this year. >> i'm actually more optimistic now than i was when
economy. >> this is a campaign night where america wins. we're going to change the white house and get america back on track. >> rick santorum was a senator from the state of pennsylvania from 1995 to 2007. he's a social conservative who stresses christian values and opposes abortion. texas congressman ron paul came to a close third, netting 26,219 votes, or about 21% support. former house of representatives speaker newt gingrich trailed behind with 16,251 votes or 13% of the total....
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Oct 9, 2012
10/12
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now, he projected the region's economy will shrink by 0.4%. contrast that with the forecast for emerging markets and developing countries, that coming in at 5.3% growth. but blanchard and his colleagues see the downsides even in that figure. they've revised china's growth down 0.2 percentage points from three months ago, india's down 1.3 points. they forecast an increase of 2.2% in both japan and the united states. and they do predict, as well, stronger growth worldwide next year at 3.6%. blanchard said figuring these things out can make for a complex puzzle. i had the chance to speak with him earlier about what pieces need to fall into place. does seem the recovery is losing a bit of steam. take us where we stand right now in the global recovery. >> the first thing to say is this is still a recovery. we have numbers from the world growth of 3.5%. that's a recovery. it's clear it has weakened since last time we had forecast, which was three months ago, so that's a bit worrisome. just a bit. the reason is probably an increase in uncertainty. th
now, he projected the region's economy will shrink by 0.4%. contrast that with the forecast for emerging markets and developing countries, that coming in at 5.3% growth. but blanchard and his colleagues see the downsides even in that figure. they've revised china's growth down 0.2 percentage points from three months ago, india's down 1.3 points. they forecast an increase of 2.2% in both japan and the united states. and they do predict, as well, stronger growth worldwide next year at 3.6%....
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Mar 24, 2013
03/13
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he's put off retirement to help oversee the economy. hello i'm yuko fukushima and this is "asia biz forecast." for many this past week the central focus was the central bank. the bank of japan welcomed a new chief and opened the door to a new era of monetary policy. haruhiko kuroda was sworn in wednesday as the new boj governor. he took over a day after masaaki shirakawa stepped down, kuroda bringing an end to more than a decade of inflation. prime minister shin bow abe it requires closer coordination between the government and the central bank as well as a boj chief willing to undertake bold monetary easing. by all accounts, kuroda is his man. >> translator: the japanese economy has been struggling with deflation for nearly 15 years. the greatest mission of the central bank is to end deflation and achieve the inflation target of 2% as soon as possible. >> cue row do da has said he believes the boj can achieve the target within two years and says he'll use every tool at his disposal to make that happen. >> translator: the bank of japan
he's put off retirement to help oversee the economy. hello i'm yuko fukushima and this is "asia biz forecast." for many this past week the central focus was the central bank. the bank of japan welcomed a new chief and opened the door to a new era of monetary policy. haruhiko kuroda was sworn in wednesday as the new boj governor. he took over a day after masaaki shirakawa stepped down, kuroda bringing an end to more than a decade of inflation. prime minister shin bow abe it requires...
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Feb 14, 2013
02/13
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the economy has shrunk for a third straight quarter. the european union's data office has announced gross domestic product for october to december 2012 contracted 0.6% from the previous quarter. that follows a negative growth of 0.1% for the july to september period. by country, portugal saw a 1.8% negative growth, spain minus 0.7% and italy minus 0.9%. the eurozone's leading economies also shrank. germany contracted by 0.6% and france by 0.3%. greece's economy shrank 6.0% compared to a year earlier. for the whole of 2012, the eurozone economy contracted by 0.5% as a whole. in 2011, the single currency area grew by 1.4%. >>> japan's gross domestic product for the final quarter of 2012 shrank slightly, that's for the october to december period. it marks the third straight quarter of contraction. cabinet office officials say it fell to a decline of 0.4% in annual terms. the base of decline was more moderate than the previous period when it was minus 3.8%. weak global demand was dragging down the economy. exports shrank 3.7%. capital spend
the economy has shrunk for a third straight quarter. the european union's data office has announced gross domestic product for october to december 2012 contracted 0.6% from the previous quarter. that follows a negative growth of 0.1% for the july to september period. by country, portugal saw a 1.8% negative growth, spain minus 0.7% and italy minus 0.9%. the eurozone's leading economies also shrank. germany contracted by 0.6% and france by 0.3%. greece's economy shrank 6.0% compared to a year...
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Aug 18, 2011
08/11
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it is a consequence of the market economy. it is happening in berlin right now. >> art versus commerce is a quintessential berlin dilemma. for the time being, artists are continuing their work in the studios. this artist remains upbeat. >> i would say things are still wide open, but i am an optimist. i think life will go on. right now we are in a bit of a deadlock. it could be the same in five years. >> unreasonably optimistic. but could also be a slogan for berlin. >> berlin is berlin. it has this flare. who cares if things aren't going well? it is still great here. >> it is unlike any other city. it is unique. look at the people here. berlin is berlin. >> which neatly sums up the mood in the summer of 2011. 600 kilometers southwest is a sleepy town. it is one of the greenest places in germany. 32% voted for the greens at the last regional election. the mayor is from the green party. >> i don't have an official car, just this official bicycle. it has an elected motor, so i get around town as fast as people in cars. it uses th
it is a consequence of the market economy. it is happening in berlin right now. >> art versus commerce is a quintessential berlin dilemma. for the time being, artists are continuing their work in the studios. this artist remains upbeat. >> i would say things are still wide open, but i am an optimist. i think life will go on. right now we are in a bit of a deadlock. it could be the same in five years. >> unreasonably optimistic. but could also be a slogan for berlin. >>...
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Jul 25, 2012
07/12
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last year, china's economy grew by more than 9%. since then, growth has slowed. in the second quarter of 2012, it dipped to a three-year low of just 7.6% -- higher than in europe but not enough for china. even the demand for cheaper goods has dropped. this factory already received its christmas orders in july. this year, the owner is expecting 20% fewer commissions. >> my clients say next year things could be even worse. still, i hope things will get better. >> economic growth may be down, but the cost of living here keeps going up. grocery's got 11% more expensive in the first quarter of 2012 alone -- groceries. home buyers are also in for a shock. the cost of apartments has exploded. for most people, they are out of reach. cheap credit could affect real- estate further, forcing home prices up even more. >> i think these prices are absurd. most people i know are being pushed beyond their limits, even though we make a good living. we cannot afford to buy our own places to live in. that china has also seen huge construction project -- >> china has also seen huge c
last year, china's economy grew by more than 9%. since then, growth has slowed. in the second quarter of 2012, it dipped to a three-year low of just 7.6% -- higher than in europe but not enough for china. even the demand for cheaper goods has dropped. this factory already received its christmas orders in july. this year, the owner is expecting 20% fewer commissions. >> my clients say next year things could be even worse. still, i hope things will get better. >> economic growth may...
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Jul 4, 2013
07/13
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the economy also changed. so, please, give us a strong mandate again in this upper house election. >> the leaders of the main opposition democratic party are fighting to keep control of the upper house. >> translator: six months have passed since the abe government came into power. now, i want all of you to stop and think if your lives have become better. the abe government has destroyed the lives of the japanese people. we need to do our best to faceoff against his administration in this upper house election. >> candidates from the following official political parties will also be chasing ballots. restoration party, new komeito, your party, people's life party, japanese communist party, social democratic party, green wind. 121 of the 242 seats in the upper house will be at stake in the july 21st vote. 73 of them represent constituencies across japan. 48 are assigned to a proportional representation system. 271 candidates are running for constituency seats. and 162 candidates are vying for proportional represe
the economy also changed. so, please, give us a strong mandate again in this upper house election. >> the leaders of the main opposition democratic party are fighting to keep control of the upper house. >> translator: six months have passed since the abe government came into power. now, i want all of you to stop and think if your lives have become better. the abe government has destroyed the lives of the japanese people. we need to do our best to faceoff against his administration...
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Jan 30, 2013
01/13
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the crisis there is more acute than ever as the economy continues to decline. gdp has fallen for the sixth quarter in a row. most recently, by 0.7%. the outlook is bleak. the prime minister is trying to buck the trend. he told parliament he was planning a new stimulus package. he hopes in particular to ease the tax burden on export-driven businesses. >> we are going to implement structural reforms with even greater force and adopt new measures to stimulate growth. our priority is to reduce youth unemployment, and we are already cooperating with unions and businesses to achieve this. >> there's mounting frustration on the streets. unemployment in the country has risen to 26%. half of young people are out of work. but the eu has signaled it is willing to relax rules on spain, which could help soften the austerity measures apparently crippling the country. >> germany may be about to drop its objections to bailing out cyprus. despite misgivings about reports of money laundering by the island's thanks. >> a number of politicians in germany have accused separate bank
the crisis there is more acute than ever as the economy continues to decline. gdp has fallen for the sixth quarter in a row. most recently, by 0.7%. the outlook is bleak. the prime minister is trying to buck the trend. he told parliament he was planning a new stimulus package. he hopes in particular to ease the tax burden on export-driven businesses. >> we are going to implement structural reforms with even greater force and adopt new measures to stimulate growth. our priority is to...
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527
Sep 8, 2011
09/11
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and the european debt crisis,... may pose downside risks to the global economy. although korea, with strong exports and an improving labor market, looks to be well on the road to recovery, bok governor kim choong -soo has cast doubt over the nation's growth path. korean "the domestic economy is expected to keep up its long-term trend of growth, but the level of uncertainty in its growth path has heightened from the impacts of external uncertainties." the rate freeze was widely anticipated by analysts... as many had expected policymakers to focus on preparing the economy for a possible slowdown... rather than taming inflationary pressure. consumer prices in korea hit a three- year high of 5-point-3 percent year-on-year growth in august,... and the central bank forecasts the upward trend to linger for some time. korean "the high rate of price increase is expected to continue for some time, driven largely by inflation expectations, although factors such as the stabilization of agricultural product prices and the base effect from last year will work to bring down inf
and the european debt crisis,... may pose downside risks to the global economy. although korea, with strong exports and an improving labor market, looks to be well on the road to recovery, bok governor kim choong -soo has cast doubt over the nation's growth path. korean "the domestic economy is expected to keep up its long-term trend of growth, but the level of uncertainty in its growth path has heightened from the impacts of external uncertainties." the rate freeze was widely...
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Nov 3, 2011
11/11
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economy are fueling concerns about the japanese economy about battling the effects of a strong yen. last week, japan's central bank said it will expand its asset purchase program in an effort to stimulate the economy and rein in the run-away currency. >> at a policy meeting on thursday, the bank of japan decided to boost asset purchase program by about $66 billion, to roughly $720 billion. the bank said that will help it buy more long-term japanese government bonds. speculation that the u.s. federal reserve may take additional measures to ease monetary policy is spurring moves to sell dollars and buy yen. japanese business leaders are concerned about the yen's historic surge. >> translator: the level of the yen far exceeds what japanese manufacturers can deal with. we may have to think about moving our production overseas if the yen remains at the current level. >> translator: the yen's rise used to feel like a body blow, but now it's more like an upper cut. >> translator: many people think electronics makers will stop producing in japan entirely if the dollar falls below the 75-yen
economy are fueling concerns about the japanese economy about battling the effects of a strong yen. last week, japan's central bank said it will expand its asset purchase program in an effort to stimulate the economy and rein in the run-away currency. >> at a policy meeting on thursday, the bank of japan decided to boost asset purchase program by about $66 billion, to roughly $720 billion. the bank said that will help it buy more long-term japanese government bonds. speculation that the...
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Jan 11, 2013
01/13
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economy remains precarious so abe is determined to turn around the japanese economy. of course from is a political dimension to this. japanese vote again in july in the election for the upper house and abe needs to show he's doing something to speed the recovery. >> there's a lot of money involved. the question is will it work? >> certainly these measures will provide a temporary boost but they will not solve the underlying problems. abe says he'll build his economic policy on three pillars -- increased public spending, monetary easing and doing more to encourage growth. we've seen in the stimulus how abe plans to spend taxpayers' money. on top of that he is urging the bank of japan to set an inflation target of 2% and to get more money flowing through the economy. the lines on the final pillar measures toward growth are less clear. some have insisted sustainable growth will only come by making industries more competitive through deregulation. but, government leaders have yet to articulate how they'll make that happen. >> you just mentioned this could be a temporary b
economy remains precarious so abe is determined to turn around the japanese economy. of course from is a political dimension to this. japanese vote again in july in the election for the upper house and abe needs to show he's doing something to speed the recovery. >> there's a lot of money involved. the question is will it work? >> certainly these measures will provide a temporary boost but they will not solve the underlying problems. abe says he'll build his economic policy on three...
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Nov 2, 2012
11/12
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we have to have an economy. lots of people have come here. it is a great event for new york, and i think for those who were lost, you have got to believe they want us to have an economy and have a city go on for those that they left behind. >> many new yorkers are struggling to cope in the storm's aftermath. a fuel shortage is causing long lines at gas stations, and many areas will have to wait several days for power, but the mayor says resources will not be diverted from those in need because of the marathon. >> tension is growing in the u.s. ahead of next week's election, but is it having an influence on the markets over here in germany? our correspondence sent us this report from the frankfurt stock exchange. >> the last unemployment numbers before the presidential election in the u.s. have been noticed all over the world at the financial markets. numbers have been mixed. the unemployment rate went up slightly, but which was more important? the number of the newly created jobs went up higher than expected. this gave a boost also to german
we have to have an economy. lots of people have come here. it is a great event for new york, and i think for those who were lost, you have got to believe they want us to have an economy and have a city go on for those that they left behind. >> many new yorkers are struggling to cope in the storm's aftermath. a fuel shortage is causing long lines at gas stations, and many areas will have to wait several days for power, but the mayor says resources will not be diverted from those in need...
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Nov 5, 2011
11/11
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the declaration says the recovery of the global economy is slowing down, led by advanced economies. it cites unacceptably high unemployment rates and growing strains in global financial markets caused by europe's credit crisis. the g-20 leaders stressed their unity in endorsing the eu's efforts to prevent the crisis from spreading further. >> translator: the eu will take a resolute stance on implementation of its bailout package for greece. the g-20 has agreed to support the package so that it will be implemented to help greece resolve its crisis. >> events in greece over the past 24 hours have underscored the importance of implementing the plan fully and as quickly as possible. i am confident that europe has the capacity to meet this challenge. one of the biggest issues was how to get help from emerging european economies to keep the crisis from spreading. they are cautious of getting involved. we have reports on developments in cannes. >> there is an awareness the european congress -- ee mermging economies are exporting less and less to europe because of demand. the leaders of chi
the declaration says the recovery of the global economy is slowing down, led by advanced economies. it cites unacceptably high unemployment rates and growing strains in global financial markets caused by europe's credit crisis. the g-20 leaders stressed their unity in endorsing the eu's efforts to prevent the crisis from spreading further. >> translator: the eu will take a resolute stance on implementation of its bailout package for greece. the g-20 has agreed to support the package so...
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May 7, 2012
05/12
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they're needed to rebuild a country's economy. sri lanka's 20 year long ethnic conflict ended only three years ago. now the government plans to win lucrative outsourcing and financial services contracts. and for that it needs lots of accountants. nhk world kazuo shimizu reports. >> reporter: students at this junior high school in colombo are learning how to manage a shop. >> translator: how would you use 100,000 rupees in the capital? a shelf to display products costs 20,000 rupees. you also need money to buy goods. how much would your profits be? let's calculate. >> reporter: accounting is part of the curriculum at all junior high schools in sri lanka. it is part of a national effort to nurture skills that will benefit the economy. >> translator: we can learn practical matters. it is a very good subject. >> reporter: sri lanka is more stable since the civil war ended three years ago. its economy grew over 8% in each of the last two years. more foreign businesses are setting up shop to offer services like accounting for clients ov
they're needed to rebuild a country's economy. sri lanka's 20 year long ethnic conflict ended only three years ago. now the government plans to win lucrative outsourcing and financial services contracts. and for that it needs lots of accountants. nhk world kazuo shimizu reports. >> reporter: students at this junior high school in colombo are learning how to manage a shop. >> translator: how would you use 100,000 rupees in the capital? a shelf to display products costs 20,000 rupees....
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May 30, 2013
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economy is so slow that the fed, the central bank might have to help longer after all. the united states is number one, though, in competitiveness around the world at the moment. it regained the top spot according to a swiss study. germany is still the strong man in the eurozone. it is no. 9 worldwide among the top 10. all the other eurozone members follow far behind. >> we say in frankfurt for a closer look at thursday's numbers. the dax finished the day up by 0.75%. euro stoxx 50 finishing up by nearly 0.5%. on wall street, the dow also looking pretty good. the euro trading a tad higher against the greenback added value of one u.s. -- $1 -- $1.339. bangladeshis tackling factory safety, the message from the nation's foreign minister who has been meeting with eu lawmakers in brussels. >> the european parliament it could provoke bangladesh's preferred trade status with the eu, which exempts it from duties or quotas. >> the minister says a booming clothing manufacturing in her country has meant the emergence of substandard factories and says consumers in the west will hav
economy is so slow that the fed, the central bank might have to help longer after all. the united states is number one, though, in competitiveness around the world at the moment. it regained the top spot according to a swiss study. germany is still the strong man in the eurozone. it is no. 9 worldwide among the top 10. all the other eurozone members follow far behind. >> we say in frankfurt for a closer look at thursday's numbers. the dax finished the day up by 0.75%. euro stoxx 50...
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Feb 13, 2013
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. >> pushing hard for a special economy would significant job growth. that looks like the message obama plans to hammer home time and time again during his time in office. >> presidents also touched on foreign policy, praising u.s. soldiers stationed in afghanistan and promising them a speedy return home. >> the president of the united states. [applause] >> it is a washington ritual, long applause, handshakes, and hugs on both sides of the aisle. in his speech, obama focused clearly on domestic issues, among them, raising the minimum wage, reforming immigration, and modernizing the education system. he also address america's political third rail -- gun control. the president promised survivors of gun control violence he would pursue common-sense reform. in a short foreign policy segment of his speech, obama said that efforts were on the course to conclude afghan operations next year. turning to europe, he raised the prospect of a free-trade zone to encourage commerce with european union countries and believe fears his new asian focus would come at europ
. >> pushing hard for a special economy would significant job growth. that looks like the message obama plans to hammer home time and time again during his time in office. >> presidents also touched on foreign policy, praising u.s. soldiers stationed in afghanistan and promising them a speedy return home. >> the president of the united states. [applause] >> it is a washington ritual, long applause, handshakes, and hugs on both sides of the aisle. in his speech, obama...
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Apr 27, 2012
04/12
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economy grew by an annualized 2.2% in the first quarter of 2012. some 0.3% below market expectations. the u.s. department of commerce released on friday preliminary gdp figures for the january to march period. stronger consumer spending was offset by cutbacks in government expenditures and private sector investments. the u.s. economy grew by an annualized 3% during the last quarter of 2011. >>> leading japanese electronicsmaker sharp has booked a record loss in the fiscal year that ended in march. the company says the net loss came to a little more than $4.6 billion. sales totalled about $30 billion, down nearly 19% from the previous year. sharp attributes its poor performance to flagging sales of liquid crystal display televisions. >> translator: i regret that our efforts to come up quickly with one unique product after another weren't enough. >> the company plans to relocate 2,000 workers to solar powered generation and other growth businesses in the coming two years. >>> samsung electronics profits surged to a record high in the first quarter th
economy grew by an annualized 2.2% in the first quarter of 2012. some 0.3% below market expectations. the u.s. department of commerce released on friday preliminary gdp figures for the january to march period. stronger consumer spending was offset by cutbacks in government expenditures and private sector investments. the u.s. economy grew by an annualized 3% during the last quarter of 2011. >>> leading japanese electronicsmaker sharp has booked a record loss in the fiscal year that...
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Sep 13, 2011
09/11
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this is having an effect on the real economy. the research institutes are lowering their growth forecasts. >> the latest news from the north suggests the german economy might be in for a rough ride. two leading institutes have revised their growth forecasts for 2012 down. the hamburg institute for world economics estimates that the german economy will only grow by 1.2%. the ifw is forecasting growth of 0.8%. the two institutes are warning that things could get worse. european economies could be strangled by an austerity and massive budget cuts leading to less demand for german goods. that could make the german future even more rocky. >> monsoon rains have swept through southern pakistan, more than 200 people are dead. villagers establish what they could from their homes and retreated to higher ground after heavy rainfall flooded their homes. in karachi, schools and offices were closed after flood waters close to the streets. the devastating sludge has left more than 2000 dead. nine people were killed when a commuter train collide
this is having an effect on the real economy. the research institutes are lowering their growth forecasts. >> the latest news from the north suggests the german economy might be in for a rough ride. two leading institutes have revised their growth forecasts for 2012 down. the hamburg institute for world economics estimates that the german economy will only grow by 1.2%. the ifw is forecasting growth of 0.8%. the two institutes are warning that things could get worse. european economies...
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Dec 28, 2011
12/11
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it is very challenging for the chinese economy. you can see, for example, the export to italy has contracted by 23%. and given all the fiscal austerity that is going to happen in 2012, in the euro area, things can really get worse from here. >> how do you think the chinese economy will do next year? >> the first half will be difficult. export sector and the property market is another thing. so the two big engine of the economy are probably going to stall for a while. but at the same time, we don't think china will have a hard landing next year. for 2012, our forecast is still above 8%, above 8%. it is going to pick a little bit -- pick up a little bit in the second half because of the fiscal support to the consumption to the social side and also because there is going to be political transition in the second half. i think the government will have extra incentive to ensure stable gdp growth. >> that was economist wei yao in hong kong. >>> mai shoji is up next with weather. >> hi there. welcome back. let's not talk about weather. let
it is very challenging for the chinese economy. you can see, for example, the export to italy has contracted by 23%. and given all the fiscal austerity that is going to happen in 2012, in the euro area, things can really get worse from here. >> how do you think the chinese economy will do next year? >> the first half will be difficult. export sector and the property market is another thing. so the two big engine of the economy are probably going to stall for a while. but at the same...
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Sep 19, 2012
09/12
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boj board members downgraded their assessment of the japanese economy. they say weaker domestic production and exports have put a pause on the pickup in activity. at a news conference that followed the meeting, bank of japan governor masaaki shirakawa stated that immediate action was needed to keep the economy going. >> translator: we judged today that further monetary easing was necessary now. that is to ensure the japanese economy does not derail from a sustainable growth track with price stability. shares.japan airlines have made their highly anticipated return to the tokyo stock exchange. the relisting capped one of the fastest corporate turnarounds ever by a japanese company. the stock price rose modestly in the first day of trading. that gave the carrier a market value of about $8.6 billion. this is said to be the world's second largest listing this year after facebook. nhk world has more. >> reporter: share trading in japan airlines kicked off when the tokyo markets opened this morning. it was the first time for -- the stock traded since the firm
boj board members downgraded their assessment of the japanese economy. they say weaker domestic production and exports have put a pause on the pickup in activity. at a news conference that followed the meeting, bank of japan governor masaaki shirakawa stated that immediate action was needed to keep the economy going. >> translator: we judged today that further monetary easing was necessary now. that is to ensure the japanese economy does not derail from a sustainable growth track with...
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Apr 15, 2013
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economies expected more. exports rose as did the global demand for chinese goods. but the pace for domestic demands slowed. it passed the government's goal of 7.5% growth for all of 2013. that targtt last month during the national people's congress. the target reflects beijing's attention for distraction over economic despairties. it also wants to pursue a more sustainable pace of growth. >> we are focusing on the quality and efficiency of china's economy. structural adjustments are helping steer the economy toward stable growth. >> however, authorities are dealing with a new strain of avian flu. measures to counter it could about companies and trading. >>> earlier this morning, we spoke to the executive director. >> the growth rate was below market expectations, and showing china's economic recovery is slowing. what is your take on the figures? >> right, nose figures are pretty bad. the first quarter gdp and the march industrial production were worse than market expectations if over shadows the lower than ex
economies expected more. exports rose as did the global demand for chinese goods. but the pace for domestic demands slowed. it passed the government's goal of 7.5% growth for all of 2013. that targtt last month during the national people's congress. the target reflects beijing's attention for distraction over economic despairties. it also wants to pursue a more sustainable pace of growth. >> we are focusing on the quality and efficiency of china's economy. structural adjustments are...
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Dec 2, 2011
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it sees that as a way of growing its economy. myanmar has been a close country and has been one of the poorest in the south asia region. they have resources like natural gas and a cheap labor force. for the government of myanmar, democratization is the means of getting sanctions lifted and encouraging investment from overseas. on friday clinton is planning to meet with pro-democracy leader. the meeting will be high profile chan chance, she will want to move in step with united states to put pressure on the myanmar government to continue the reforms. the momentum towards democracy is being driven by international and domestic forces and is becoming increasingly irreversible. >>> china has been urmging the united states to lift sanctions against myanmar. if has close ties with the southeast asian country. foreign ministry spokesperson commented on clinton's visit to myanmar. >> translator: all countries concerned should lift sanctions against myanmar and try to promote its stability and development. >> he also stressed the importan
it sees that as a way of growing its economy. myanmar has been a close country and has been one of the poorest in the south asia region. they have resources like natural gas and a cheap labor force. for the government of myanmar, democratization is the means of getting sanctions lifted and encouraging investment from overseas. on friday clinton is planning to meet with pro-democracy leader. the meeting will be high profile chan chance, she will want to move in step with united states to put...
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Dec 7, 2012
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an economy dogged by uncertainty. and disputes with neighbors over territory. voters now face a choice. who will they trust to guide their country forward? join us december 16th for "japan decides." >>> it's been cold in the area where the earthquake hit earlier on in japan. meteorologist robert speta has more on the weather. robert? >>> well, yes, across much of northern japan. let's take a look at this satellite picture because you can see that cloud cover coming in from the northwest towards the southeast. and what this is is that sea effect snow but also pulling in all this cold air, is so on the west coast you're seeing some heavy snow even over towards the east, but also temperatures in and around this region are diving below the freezing mark here through your overnight hours. miyako expected to get down to minus 2 there. some reports out of miyagi prefecture around minus 3, so very chilly across this area if anybody is out and about going through the next several hours and eventually into your saturday. but meanwhile, we also have this snow threat. we h
an economy dogged by uncertainty. and disputes with neighbors over territory. voters now face a choice. who will they trust to guide their country forward? join us december 16th for "japan decides." >>> it's been cold in the area where the earthquake hit earlier on in japan. meteorologist robert speta has more on the weather. robert? >>> well, yes, across much of northern japan. let's take a look at this satellite picture because you can see that cloud cover coming...
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May 13, 2013
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their impact on the local economy should first be assessed. japan is seeking and toend such regulations. vietnam's trade and industry ministry say it's will allow new stores under 500 square meter ifs they have completed infrastructure. the change will take effect on june 7th. japanese stores want deregulation to help them expand, but some firms are cautious. they think the exact meaning of completed infrastructure is unclear. >>> the decline of the yen has been helping many countries improver their earnings. firms will only increase their assets after it is set and the real economy improved. manufacturers that import materials and sell products in japan are struggling because of the yen's fall, but he notes that the japanese car insurance yip down trend is boosting exporters. >> translator: i think japanese companies will increase domestic capital investment and employment. and they feel sure the country's economy will grow. >>> japanese electronics maker pioneer are going to team up to develop advanced car gps system. docomo will invest abou
their impact on the local economy should first be assessed. japan is seeking and toend such regulations. vietnam's trade and industry ministry say it's will allow new stores under 500 square meter ifs they have completed infrastructure. the change will take effect on june 7th. japanese stores want deregulation to help them expand, but some firms are cautious. they think the exact meaning of completed infrastructure is unclear. >>> the decline of the yen has been helping many countries...
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Feb 27, 2012
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the biggest economy and second biggest economy on the agenda with a lot of economic data. we will see what the fallout will be for japanese markets. back to you. >> thanks for that, ramin. ramin mellegard from the tokyo stock exchange. nikkei trading above 9700 this monday morning. that's the latest from business. back to katherine. >>> south korean and u.s. military personnel are kicking off annual exercises across the south. military leaders call them computer simulated war games. the exercises are named key resolve. they're meant to check the chain of command when entering battle and procedures for supplying weapons. drills will continue for 12 days. 200,000 south korean troops and 11,000 u.s. personnel will take part. the u.s. and south korea plan to carry out joint marine landing exercises. those will be the first such drills in 23 years. they'll be based on a scenario of the north invading south korean islands. the north shelled at pinning i don't think. they conduct joint drills around this time every year. military leaders say the exercises are defensive in nature.
the biggest economy and second biggest economy on the agenda with a lot of economic data. we will see what the fallout will be for japanese markets. back to you. >> thanks for that, ramin. ramin mellegard from the tokyo stock exchange. nikkei trading above 9700 this monday morning. that's the latest from business. back to katherine. >>> south korean and u.s. military personnel are kicking off annual exercises across the south. military leaders call them computer simulated war...
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Mar 6, 2012
03/12
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our economy is getting stronger. that is why we can look toward a promising future. >> obama is presenting himself as the savior of the american economy. he makes the case that his bailout of the auto industry was a success and plays up republican opposition to that policy. events seem to have proved him right. general motors is profitable again, as is chrysler. in obama's campaign headquarters in chicago, work on strategy goes deep into the night. one big question is how to mobilize democratic voters in ohio, florida, and virginia. their neck and neck with republicans in the states. at the same time, organizers and volunteers from the 2008 campaign are regrouping. in washington, d.c., alone, there are 12,000, many of them young. >> once the republicans choose their nominee, i think most of, if not all, will close ranks and give behind president to support him again. >> obama can only win if he can convince young people, women, and minorities to vote for him. analysts at the kato institute say he has work to do. >> t
our economy is getting stronger. that is why we can look toward a promising future. >> obama is presenting himself as the savior of the american economy. he makes the case that his bailout of the auto industry was a success and plays up republican opposition to that policy. events seem to have proved him right. general motors is profitable again, as is chrysler. in obama's campaign headquarters in chicago, work on strategy goes deep into the night. one big question is how to mobilize...
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Mar 1, 2013
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economy and knock on effects for the whole world. alabama the clock is ticking. if no deal is struck, president obama will order the cuts known in washington jargon as the sequestered at the stroke of midnight. >> the case and taking to the american people and my strong hope is that we can once and for all these all this in a way that is equitable and a way that is focused on growth, in a way that provides opportunity for everybody in this country who is willing to work hard. >> but hopes are dwindling for a last-ditch compromise. republicans and democrats are still a engaged in a war of words over who is to blame. the cuts will affect 1/3 of all government programs. predictions vary on how much and how quickly they will impact everyday life. some estimates suggest 1 million jobs are threatened. the military will be hardest hit. the pentagon will be forced to cut spending by 8%. the international monetary fund is warning that the cuts could slow u.s. economies. >> everybody is wondering what it means i of the sequestration takes effect. what it means is we will h
economy and knock on effects for the whole world. alabama the clock is ticking. if no deal is struck, president obama will order the cuts known in washington jargon as the sequestered at the stroke of midnight. >> the case and taking to the american people and my strong hope is that we can once and for all these all this in a way that is equitable and a way that is focused on growth, in a way that provides opportunity for everybody in this country who is willing to work hard. >> but...
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Dec 17, 2012
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he said democrats nuclear policy posed a threat to the economy. he criticized noda for lack of leadership in the reconstruction of the northeastern regions. abe said his party would spend more money to speed up that work. you know, certainly voters seem to have bought his message. >> well, attention was focused on how the third force parties would do this time around. what does their showing have to do with the liberal party's victory? >> if they had cooperated with each other, they could have been a strong alternative to the established parties. at one point they tried to forge a coalition, but they failed to overcome their differences. as a result, it forced candidates to go against each other. they gave they're established parties, especially the established ldp, more chances to win. >> so the ldp together with its partner komeito has won two-thirds majority of the seats. what does that mean? >> it will give the government a greater chance to implement their processes. they still don't have a majority in the upper house, so members of the upper
he said democrats nuclear policy posed a threat to the economy. he criticized noda for lack of leadership in the reconstruction of the northeastern regions. abe said his party would spend more money to speed up that work. you know, certainly voters seem to have bought his message. >> well, attention was focused on how the third force parties would do this time around. what does their showing have to do with the liberal party's victory? >> if they had cooperated with each other, they...
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Nov 6, 2012
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china is now the world's second largest economy. it's also strengthening its military power and it's growing more assertive in territorial disputes. professor zhao quansheng is an expert on asian policy at american university in washington, d.c. he says both obama and romney would, if elected, continue the u.s. policy of engagement in the region. >> asia-pacific is a natural choice for the priority of u.s. foreign policy given the very size of economy, and this is the most dynamic region in the world. think about -- i mean, u.s., china, japan. number one, number two, number three economies, all in asia pacific. >> reporter: zhao says the potential for conflict in the region remains but that the flash points have shifted. >> before there were two historically so-called hot spots may bring the two powers to war, one, korea peninsula, and the other, taiwan strait. but there are two new flashing points now. one is china sea, east sea, and, two, south china sea. >> reporter: the professor says chinese leaders will act more aggressively a
china is now the world's second largest economy. it's also strengthening its military power and it's growing more assertive in territorial disputes. professor zhao quansheng is an expert on asian policy at american university in washington, d.c. he says both obama and romney would, if elected, continue the u.s. policy of engagement in the region. >> asia-pacific is a natural choice for the priority of u.s. foreign policy given the very size of economy, and this is the most dynamic region...
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Sep 20, 2012
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as a market economy. >> a nationwide strike in india to protest against forms of the retail sector which would allow in foreign supermarket chains. >> fresh restrictions ahead of belarus' parliamentary elections. belarus ones -- berlin warrants belarus not to send negative s ignals. they are clear signs china is more comfortable than ever flexing economic and political muscle. >> at the european union-china summit in brussels, the chinese premier laid out two demands. he wants to -- he wants the european union to lift its embargo on trade. >> he says he wants them to look at the country as an economic equal, saying it is time for them to recognize china as a fully fledged market economy. >> they were all smiles, and indeed, the first part of the speech to the participants was cordial. but then came the criticism. >> i must be very frank in saying this -- we have been working hard on lifting the arms embargo and raising our trade status. a solution has been elusive. i deeply regret this. >> then, the live feed of wen's broadcast was cut off on the orders of the chinese delegation. an eu s
as a market economy. >> a nationwide strike in india to protest against forms of the retail sector which would allow in foreign supermarket chains. >> fresh restrictions ahead of belarus' parliamentary elections. belarus ones -- berlin warrants belarus not to send negative s ignals. they are clear signs china is more comfortable than ever flexing economic and political muscle. >> at the european union-china summit in brussels, the chinese premier laid out two demands. he wants...
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Jan 15, 2013
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abe is out of inflation and revitalize the economy. way is with the $150 billion package which people steam support. >> translator: i support the abe administration because tock prices and the currency exchange are doing better. >> translator: changing the government always caused the yen to weaken. it might not last so long. >> translator: our company didn't do well last year. i hope the economic climate would improve. >> people also seem happier with the way the cabinets stack up against others. voters were disappointed with the ruling party. the dpj promised change when they took power, but many felt they didn't deliver. >> now you have been covering politics for years in japan. you know better than anyone how approval ratings fall overtime. it was interesting to hear the lady saying it may not last so long. how will abe be able to support this popularity? >> he knows economic recovery is a priority and he will need to focus on this. the prime minister wants to head into this summer's upper house election in a strong position. his l
abe is out of inflation and revitalize the economy. way is with the $150 billion package which people steam support. >> translator: i support the abe administration because tock prices and the currency exchange are doing better. >> translator: changing the government always caused the yen to weaken. it might not last so long. >> translator: our company didn't do well last year. i hope the economic climate would improve. >> people also seem happier with the way the...
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Jun 1, 2013
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the african economy has been growing by an average of more than 5% a year. delegates will discuss ways to maintain that growth, improve health care and education and foster peace and stability. japanese government officials and business leaders are not the only investors across the world who are trying to increase their presence in the expanding african market. foreign investment mass reached nearly $40 billion in recent years. this has driven much of africa's explosive growth. china is pouring money in as well. it's attracted to the continent's mineral wealth and booming population. but u.n. figures say there is another asian nation that outpaced china in terms of investment in 2011. that is malaysia. malaysiaen investment has increased by the end of 2011. nhk has the story behind the numbers. >> reporter: people all over the world depend on palm oil in their daily lives. it's used in everything from cooking to transportation. the malaysian conglomerate is one of the world's largest producers. its palm tree plantations cover an area equal to 500,000 soccer
the african economy has been growing by an average of more than 5% a year. delegates will discuss ways to maintain that growth, improve health care and education and foster peace and stability. japanese government officials and business leaders are not the only investors across the world who are trying to increase their presence in the expanding african market. foreign investment mass reached nearly $40 billion in recent years. this has driven much of africa's explosive growth. china is pouring...
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May 15, 2012
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the area's economy remains under huge pressure. among the 17 nations in the zone, italy's economy shrank 0.8%, marking a decline for the third quarter in a row. spain did 0.3%, falling for the second consecutive quarter no comparable quarter to quarter available are available for greece. its economy contracted 6.2% between january and march from a year earlier. in contrast, germany's economy bounced back to expand 0.5%. brisk export growth helped the region's economic powerhouse. >>> the latest gdp numbers show germany's economic strength helped bolster the performance of the debt ravaged region as a hole. they highlighted the growing disparities among the eurozone economies. >>> chinese officials say foreign direct investment in the country fell for the sixth straight month in april. largely due to the credit crisis in europe and stagnant domestic demand. the commerce ministry announced foreign investment last month was little more than $8.4 billion, down 0.7% from a year ago. out of total foreign direct investment, activity from
the area's economy remains under huge pressure. among the 17 nations in the zone, italy's economy shrank 0.8%, marking a decline for the third quarter in a row. spain did 0.3%, falling for the second consecutive quarter no comparable quarter to quarter available are available for greece. its economy contracted 6.2% between january and march from a year earlier. in contrast, germany's economy bounced back to expand 0.5%. brisk export growth helped the region's economic powerhouse. >>>...
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Jul 10, 2013
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click she is suffering from the stagnant economy. no one can afford the furniture anymore so they make the fruit rocks is instead and he struggles to sell those. many people here use to make a living from the steady stream of tourists visiting the nearby pyramid's. there are dozens of souvenir shops. he sells handmade carpets. he has plenty of time to show me around the shop because there is not a single tourist in there. europeans, americans, asians, they are all staying away. >> i think if they are over, it is better to bring the democracy back to egypt. in before the revolution, this was never an issue. >> democracy is more important than his financial security even though he can only afford to pay two carpet makers instead of 15. he says everyone has to come to the table now. liberals, leftists, islamists in order to save egypt. >> breaking news for you now. just coming in that luxembourg prime minister is stepping down. he tendered his resignation after a spying scandal in luxembourg brought down his coalition government. >> the
click she is suffering from the stagnant economy. no one can afford the furniture anymore so they make the fruit rocks is instead and he struggles to sell those. many people here use to make a living from the steady stream of tourists visiting the nearby pyramid's. there are dozens of souvenir shops. he sells handmade carpets. he has plenty of time to show me around the shop because there is not a single tourist in there. europeans, americans, asians, they are all staying away. >> i think...
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May 2, 2013
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the recovery of our economy and consolidation of our finances. van at a key reason for the slovenian economy's sluggish performance is they have been starved of credit. the country's indebted banks have practically stopped lending, but the government believes markets have not given up on slovenia. his decision to resume its big bond sale is an indication of that confidence. >> there is more momentum in the global campaign to boost tax revenues by going after people with secret assets and tax havens. the british finance minister now says european countries will be working more closely with british overseas territories to identify tax cheats. the territories will now automatically provide account information to british authorities. those territories include bermuda and the cayman islands. >> in germany, tax evasion has also become a hot political issue with the general election just a few months away. it has even reached into the highest levels of the nation's most popular soccer club. >> the president of bayern munich has become the country's best
the recovery of our economy and consolidation of our finances. van at a key reason for the slovenian economy's sluggish performance is they have been starved of credit. the country's indebted banks have practically stopped lending, but the government believes markets have not given up on slovenia. his decision to resume its big bond sale is an indication of that confidence. >> there is more momentum in the global campaign to boost tax revenues by going after people with secret assets and...
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Sep 23, 2011
09/11
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bahk expressed concern over the korean economy's vulnerability to external volatility,... amid global market jitters. he said, volatility in capital flows in addition to foreign- exchange rates poses the biggest risk to korea's economic outlook. with the us federal reserve's gloomy economic outlook disappointing markets this week,... the korean currency weakened by almost 30 won on thursday,... to close at 1-thousand-179-point-8 won against the us dollar,... the highest level in a year. however, according to minister bahk,... the korean government is not considering another round of currency swaps like in 2008,... when the bank of korea signed a temporary currency swap deal with the federal reserve as worries grew about a liquidity crunch in korea. instead, seoul will focus on improving the global financial safety net. he said, the korean government does not plan to implement additional countermeasures due to the country's continued current account surplus, lower unemployment rates, and increased foreign exchange reserves. bahk, however, urged cooperation among the group of 20 nations
bahk expressed concern over the korean economy's vulnerability to external volatility,... amid global market jitters. he said, volatility in capital flows in addition to foreign- exchange rates poses the biggest risk to korea's economic outlook. with the us federal reserve's gloomy economic outlook disappointing markets this week,... the korean currency weakened by almost 30 won on thursday,... to close at 1-thousand-179-point-8 won against the us dollar,... the highest level in a year....
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Jan 2, 2013
01/13
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and chinese economies will drive exports. they say personal spending, including house purchases, is expected to increase ahead of the consumption tax hike scheduled for 2014. japan's gdp in fiscal 2012 shrank in real terms for two straight quarters. analysts say this means the economy is likely to have entered a contraction phase. >> translator: the public works and expansionist fiscal policy projects planned by japan's new government could push up the economy in a considerable way. however, overseas economies could be a risk factor, especially credit woes in europe, which could cause setbacks for experts. >> some researchers warn there is still risks, such as strain reed lations with china, over a territorial dispute. >>> japanese research letters look deep into the pacific ocean to look for metals used in everything from cell phones to satellites. later this month, they will survey reserves of rare earth metals in japan's exclusive economic zone. the japan agency for marine earth science and technology will send a ship to a
and chinese economies will drive exports. they say personal spending, including house purchases, is expected to increase ahead of the consumption tax hike scheduled for 2014. japan's gdp in fiscal 2012 shrank in real terms for two straight quarters. analysts say this means the economy is likely to have entered a contraction phase. >> translator: the public works and expansionist fiscal policy projects planned by japan's new government could push up the economy in a considerable way....
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Jun 5, 2012
06/12
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china's government has made the economy grow fast. but it widens the gap between the rich and the poor. this upsets the people of chongqing and other inland areas. they do not benefit from economic expansion. aiming to win the support, bo improves the lives of low-income families. he built cheap apartments and he made the city safer. >> translator: mr. bo has lived up to almost all his pledges in the past few years like improving security and providing apartments we can afford. >> reporter: bo also encouraged the people to sing revolutionary songs, like when mao zedong was in power. bo called on the public to rekindle the era of the spirit of equality. bo has also won support from a group of internationals based in beijing. known as the new left they want to return to old-style communism. >> translator: mr. bo listened to the calls of the majority of people. those seeking better lives. he had been working to close the wealth gap in chongqing. to them, they was like a gift from god. >> reporter: also, to shut down the new left website
china's government has made the economy grow fast. but it widens the gap between the rich and the poor. this upsets the people of chongqing and other inland areas. they do not benefit from economic expansion. aiming to win the support, bo improves the lives of low-income families. he built cheap apartments and he made the city safer. >> translator: mr. bo has lived up to almost all his pledges in the past few years like improving security and providing apartments we can afford. >>...
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Sep 5, 2011
09/11
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the defense minister and the minister of knowledge economy held their first meeting on monday... aimed at investing more in research and development in the defense sector... and to increase domestic exports in defense and aerospace. kim han-ul has more. on monday,... the first consultative meeting on defense industry development... took place in seoul. both the national ministry of defense and the ministry of knowledge economy decided to announce their goals of reaching 1-point-6 billion us dollars worth of defense exports this year... and four billion by the year 2020. typically, the defense ministry is known for spending... rather than contributing to the national economy. but that's about to change... says korea's defense minister kim kwan-jin... by investing more research and development of aerospace and defense markets... while also exporting homemade weapons. the minister of knowledge economy, choi joong-kyung , says... spending also creates demand and more jobs... and that he hopes to see korea become a leading nation for defense exports.
the defense minister and the minister of knowledge economy held their first meeting on monday... aimed at investing more in research and development in the defense sector... and to increase domestic exports in defense and aerospace. kim han-ul has more. on monday,... the first consultative meeting on defense industry development... took place in seoul. both the national ministry of defense and the ministry of knowledge economy decided to announce their goals of reaching 1-point-6 billion us...
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Dec 21, 2011
12/11
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as the economy expands, confidence in the banks is being restored. more vietnamese are opening bank accounts and the number of atms is growing. as more people open bank accounts, credit cards are also becoming must-have items. this woman works for a state-run company. she got her first-ever credit card last year. she lives with her husband and two sons and takes care of the family budget. she used her credit card to buy food and other daily necessities at the supermarket. >> translator: credit cards are easier than cash. and the statement they send me makes it easier to manage my budget. >> reporter: the spread of the internet is another reason credit cards are gaining attraction. consumers need credit cards to buy things online. internet shopping is especially popular among working housewives because it saves them time and money. she uses her credit card to buy clothes and cosmetics as well as airline tickets and hotel rooms for family trips. >> translator: to avoid overspending, i set a rule, limiting what we purchase to one-third of our family's t
as the economy expands, confidence in the banks is being restored. more vietnamese are opening bank accounts and the number of atms is growing. as more people open bank accounts, credit cards are also becoming must-have items. this woman works for a state-run company. she got her first-ever credit card last year. she lives with her husband and two sons and takes care of the family budget. she used her credit card to buy food and other daily necessities at the supermarket. >> translator:...
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Nov 14, 2011
11/11
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japan's economy has grown for the first time in one year. the cabinet office said on monday that the nation's gross domestic product expanded 1.5% for the july to september period, compared with the previous quarter. the rise markets the first growth in four quarters. the figure translates to annualized growth of 6.0%. gdp's large rebound is mainly due to recovery from the march disaster. >>> over in italy, a new prime minister has been appointed one day after silvio berlusconi's resignation. mario monti will soon choose a new cabinet. the 68-year-old monti is an economist and served as a european union commissioner for ten years. he told reporters on sunday that he will work with a great sense of responsibility and service toward the nation. president giorgio napolitano commented on the nomination saying monti is competent and well respected internationally. monti's nomination is supported by main opposition parties. ruling parties say they will back his appointment on the condition that monti will assemble a cabinet of tech yo crates. >>>
japan's economy has grown for the first time in one year. the cabinet office said on monday that the nation's gross domestic product expanded 1.5% for the july to september period, compared with the previous quarter. the rise markets the first growth in four quarters. the figure translates to annualized growth of 6.0%. gdp's large rebound is mainly due to recovery from the march disaster. >>> over in italy, a new prime minister has been appointed one day after silvio berlusconi's...
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Sep 22, 2011
09/11
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economy is in danger. there have been warnings coming from the imf that the world economy might cool down. recession fears directed down the markets sharply. car makers, also shares of -- the facts went down by 5%. -- the dax went down by 5%. there is fear that there is more trouble ahead. >> things were flat lining in frankfurt. those fears are having an effect. as you heard, the dax fell almost 5% but still managed to stay above the 5000 mark. the dow ended about 3.5% down. the euro is trading at $1.34. one good thing for you, oil is getting cheaper. crude has been trading over 5% down. the price drop came in response to the disappointing economic forecast. slow economic growth reduces demand for oil. >> i will be back after a short break with more on the pope's visit to germany. don't go away. >> we continue our broadcast of coverage of the pope's return to his native germany. there was a warm reception by the german president. benedict later held private talks with chancellor angela merkel where they d
economy is in danger. there have been warnings coming from the imf that the world economy might cool down. recession fears directed down the markets sharply. car makers, also shares of -- the facts went down by 5%. -- the dax went down by 5%. there is fear that there is more trouble ahead. >> things were flat lining in frankfurt. those fears are having an effect. as you heard, the dax fell almost 5% but still managed to stay above the 5000 mark. the dow ended about 3.5% down. the euro is...